langley DETACHED-APRIL 2021
SALESTO LISTINGSRATIO 61% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 59% VS2020
▲ 32% VS2020
▼ 3% VS2020
▲ 442% VS2020
Therewere445detachedlistingsinLangleyinApril, 16%aboveMarchand3%lowerthanApril2020. Aprildetachedhomesalesincreasedby8% month-over-month,to271,andwere442%aboveApril 2020. Thesales-to-listingratiofordetachedinLangley,at61%, reflectedaseler'smarket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 65% 250 383
%Change
TOTALLISTINGS TOTALSALES
61% 271 445
$1,058,403 $1,057,500 11% 50 458
458% 442% -3%
7% 4% -7% 8% 16%
ThedetachedmedianpriceinAprilwas$1,395,000,a4% increasefromMarchand32%aboveApril2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,678,847,7%abovelast monthandup59%toApril2020.
$1,575,339 $1,340,000
$1,678,847 $1,395,000
59% 32%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
454
458
484
445
472 471
463
383
1.91
1.89
374
1.78
308
250
1.58
271
1.56
1.53
264
197
185
177
236
172
224
163
164
156
18
99
84
50
$1.40M
$1.34M $1.35M
$1.29M
$1.28M
$1.18M
$1.11M
$1.10M
$1.08M
$1.09M
$1.06M
$1.05M
$1.02M
Apr-20
Mar-21
Apr-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100%+ 100%+
100%+
91%
100
70%
80
65%
60
48%
48%
40
19%
20
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
8 10 125%
2 3 150%
31 20 65%
61 62 102%
74 67 91%
76 53 70%
40 19 48%
29 14 48%
124 23 19%
Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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